Corporate Governance
“The Ability of Companies to Subvert the Operating Rules for the Market is a Deep, Systematic, Durable Force”
In this installment of ProMarket’s new interview series, we ask Harvard Business School professor Herman "Dutch" Leonard about the involvement of corporations in politics...
“Under President Trump and the Republican Congress, Banks Will Have Even More Ability to Write Regulations That Favor Them”
In this installment of ProMarket’s new interview series on the economic theory of the firm, we ask University of Connecticut law professor and blogger James Kwak if...
Bengt Holmstrom: "I'm More Concerned About the Economic Power of the Most Valuable Companies Than Their Political Power"
In this installment of ProMarket’s new interview series, Nobel laureate Bengt Holmstrom says “this may be the right time to look at political engagement...
“We Are Arrogant – We hold On to Our Old Beliefs on the Gains of Trade”: ProMarket Interviews Bernard Yeung, Part 3
The third and final part of ProMarket's interview with Bernard Yeung, Dean of the National University of Singapore’s business school and one of the...
Theory of the Firm Interview Series: John Van Reenen
The second installment in ProMarket’s new interview series: Should the economic theory of the firm be modified? If so, how? In this installment, we...
Interview Series: How Incomplete is the Theory of the Firm? Q&A with Daniel Carpenter
Should the economic theory of the firm be modified? If so, how? In March, the Stigler Center at the University of Chicago Booth School...
Revolving Doors in the Private Sector: Quid Pro Quo or Efficient Market Mechanism?
A new paper by Elisabeth Kempf from the University of Chicago looks into the performance of credit analysts who left to work for investment...
Could Blockchain Technology Alter the Balance of Power Within the Financial System? Q&A with David Yermack
"Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks,...
Managing Political Risk
A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts.
From Trump...
The Anti-Competitive Effects of Common Ownership: Q&A with Martin Schmalz
Martin Schmalz, assistant professor of business administration and finance at the University of Michigan, speaks about the anti-competitive effects of common ownership, a situation in...
